Top 10 Helpful Hints for the Broker
BSMG
Life Insurance,
Underwriting,
Insurance Industry News,
Risk Differentiation Underwriting
No Comments
27 Jul 2023
Applying for life insurance can be an arduous process for clients. By setting expectations, you can help your clients avert any pain points and create a more positive experience. Check out these “Helpful Hints” from NAILBA to make sure your clients know what to expect.
Read MoreThe Ultimate Cover Letter for the Underwriting Process
BSMG
Life Insurance,
Underwriting,
Insurance Industry News,
Risk Differentiation Underwriting
No Comments
27 Jul 2023
In those instances where the case submitted isn’t as black and white as one would hope, a well thought out cover letter inclusive of case details will aid in the underwriting process. We worked with our underwriters at Lincoln Financial to provide some guidelines
Read MoreAnnuity Awareness Month 2023
BSMG
Retirement,
Life Insurance,
Annuities,
Fiduciary,
Insurance Industry News
No Comments
5 Jun 2023
Annuity rates have seen unprecedented increases in the past year. Now is a great time to take advantage of the best rates we have seen in a generation despite markets being relatively flat after a year of extreme volatility. For more details, check out the infographic below.
Read MoreSection 1035 Exchange of Life Insurance with Policy Loans
BSMG
Life Insurance,
Fiduciary,
Insurance Industry News
No Comments
17 Mar 2022
IRC Section 1035 allows Tax-Free Exchanges of life insurance policies in a gain position (i.e. gross cash value greater than adjusted cost basis) so that cash values can be easily transferred to more financially efficient policies. Sometimes greater death benefit and/or lower premium can result from the exchange in addition to desirable contract guarantees.
Read MoreJohn Hancock announces New Protection IUL – Increased Pricing
BSMG
Life Insurance,
Fiduciary,
Insurance Industry News
No Comments
24 Feb 2022
Effective March 4th, 2022 John Hancock Protection IUL (2021) contract will be replaced with Protection IUL (2022). Based on our initial testing, the pricing is increasing with most designs and ages.
Read MoreNational Guardian Life - Product Enhancements and Pricing Changes to EssentialLTC
BSMG
Life Insurance,
Fiduciary,
Insurance Industry News
No Comments
18 Mar 2021
**RELEASED BY National Guardian Life**
A product that can now do more
We have been listening to your feedback and are excited to announce your suggestions were used to enhance EssentialLTC! The changes are geared toward making it easier to sell, and the new features will allow you to offer your clients a product that can do more.
Read MoreJohn Hancock - Changes to product offerings in New York
BSMG
Life Insurance,
Fiduciary,
Insurance Industry News
No Comments
18 Mar 2021
John Hancock has long maintained separate products and processes for the New York market where they operate as the John Hancock Life Insurance Company of New York and serve approximately 180,000 customers. This approach generally serves all stakeholders well, but the separate products and processes create a level of complexity and inefficiency. After a thorough review of their new business activities, they've made the difficult choice to reduce their product portfolio in New York and will no longer offer the following products for sale:
Read MoreLincoln VUL One & SVUL One (2019) Reprice
Brokers' Service
Life Insurance,
Insurance Products & Solutions,
Insurance Industry News
No Comments
21 Feb 2021
Effective February 16, 2021 and in conjunction with the launch of Lincoln VULONE (2021) and Lincoln SVULONE (2021), Lincoln is announcing pricing updates on the current Lincoln VULONE (2019) and Lincoln SVULONE (2019) to align with the 2021 product pricing.
Read MoreComing Soon – Lincoln MoneyGuard Market Advantage (VUL)
Brokers' Service
Life Insurance,
Insurance Products & Solutions,
Insurance Industry News
No Comments
4 Feb 2021
Effective February 16, 2021, Lincoln will introduce the next generation in long-term care planning and expand its MoneyGuard portfolio with the launch of Lincoln MoneyGuard Market AdvantageSM, pending state and firm approvals. Lincoln MoneyGuard Market AdvantageSM is a variable universal life insurance policy with a long-term care rider.
Read MoreComing Soon – Lincoln VULONE (2021) and Lincoln SVULONE (2021)
Brokers' Service
Life Insurance,
Insurance Products & Solutions,
Insurance Industry News
No Comments
4 Feb 2021
Our new Lincoln VULONE (2021) suite launches on February 16! It’s the same Lincoln VULONE you’ve always relied on, now with more options. You can continue to offer guaranteed lifetime death benefit protection with market-driven growth potential, while also offering options that can reduce cost and increase your cash value and death benefit protection.
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